Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    170 County Rd 216 Palatka, FL 32177-9658

    • Manufacturing properties
    • 15,000 SF
    • 286.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3341540
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 170 County Rd 216

    Year built
    1998
    Lot size
    286.93 lot acres
    Property size
    15,000 SF
    Property type
    Manufacturing properties
    APN
    35-09-26-0000-002.0-000.0
    APU
    350926000000200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6744
    Latitude
    29.6712
    CBSA code
    37260
    CBSA name
    PALATKA, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,266
    $0.00
    $0.00
    $1,239,230
    -
    $242,030
    $1,467,450
    $1,709,480

    Comparable in this City

    • Value Estimation by Request
      1,402 SF

      330 Hwy 17

      MANUFACTURING (LIGHT) • 1,402 SF
      330 Hwy 17, Palatka, FL 32177-8613
      View Details
    • Value Estimation by Request
      3,486 SF

      815 Kirby St

      MANUFACTURING (LIGHT) • 3,486 SF
      815 Kirby St, Palatka, FL 32177-5101
      View Details
    • Value Estimation by Request
      2,073 SF

      1404 Old Jacksonville Rd

      MANUFACTURING (LIGHT) • 2,073 SF
      1404 Old Jacksonville Rd, Palatka, FL 32177-8600
      View Details
    • Value Estimation by Request
      5,204 SF

      500 Pne St

      MANUFACTURING (LIGHT) • 5,204 SF
      500 Pne St, Palatka, FL 32177-2732
      View Details
    • Value Estimation by Request
      25,821 SF

      188 Comfort Rd

      MANUFACTURING (LIGHT) • 25,821 SF
      188 Comfort Rd, Palatka, FL 32177-8636
      View Details
    • Value Estimation by Request
      22,994 SF

      161 County Rd 216

      MANUFACTURING (LIGHT) • 22,994 SF
      161 County Rd 216, Palatka, FL 32177-9657
      View Details

    Similar Nearby for Sale

    • $849,900
      12,120 SF

      Commercial Building with Warehouse Space

      Large commercial building with warehouse space on 1.5 acres.
      607 N Palm Ave, Palatka, FL 32177
      View Details
    • $18,330,800
      415,733 SF

      Palatka Warehouse and Industrial Property

      Large industrial property in Palatka, Florida, totaling 415,733 square feet.
      160 Comfort Rd, Palatka, FL 32177
      View Details
    • $1,900,000

      Luxury Rental Subdivision with Warehouse

      Unique investment opportunity: ten luxury rentals and warehouse.
      100 Pilot House Ct, Palatka, FL 32177
      View Details
    • $1,090,000
      17,834 SF

      Versatile Commercial Property on 9.29 Acres

      9.29-acre commercial property with retail space and warehouse buildings.
      481 Highway 17, Palatka, FL 32177
      View Details
    • $1,050,000

      Palatka Historic Newspaper Headquarters

      Versatile Palatka property with office and warehouse space for sale.
      1825 St Johns Ave, Palatka, FL 32177
      View Details
    • $800,000

      Versatile Commercial Property with Warehouse

      Large commercial property with warehouse, suitable for various uses.
      405 Pine St, Palatka, FL 32177
      View Details

    Similar Nearby for Lease

    • Sponsored
      $8 SF/Yr

      Auto Dealer Depot

      Auto Dealer Office & Parking
      Palatka, FL 32177
      View Details
    • $2,100 /Mo

      Commercial Property in Palatka, Florida

      Commercial-zoned property in a high-traffic area with street frontage.
      3515 Reid St, Palatka, FL 32177
      View Details
    • $5 SF/Yr
      6,500 SF

      Palatka Warehouse Spaces For Rent

      Centrally located warehouse spaces with offices, restroom, and surveillance.
      701 North Moody Rd, Palatka, FL 32177
      View Details
    • $14 SF/Yr
      2,880 SF

      Retail Space in Palatka, FL

      Retail space available for lease in Palatka, Florida.
      807-901 S State Road 19, Palatka, FL 32177
      View Details
    • $2,514 /Mo
      1,690 SF

      Medical Office Space For Lease

      Medical office space for lease near HCA Florida Putnam Hospital.
      700 Zeagler Dr Unit, Palatka, FL 32177
      View Details
    • $800 /Mo

      Palatka - Auto Dealer Space

      Auto Dealer Space
      Palatka, FL 32177
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    170 County Rd 216
    Palatka, FL 32177-9658
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.